Lyten has responded to reports that it has cancelled plans to build a lithium-sulfur gigafactory in the Reno area, calling the claims false.
In a statement sent to 2 News Nevada, a spokesperson said that the project was not paused due to financial reasons either, and that the company remains committed to establishing the planned gigafactory in the Reno area.
Opportunities have come up to purchase battery manufacturing assets overseas, the company said. The acquisition of these assets has slowed the timing of Lyten's Reno project, according to their statement.
"Lyten continues to be highly optimistic about scaling manufacturing in the U.S. and has been encouraged by the support we have received within the state and local government in Nevada," said Lyten's Chief Marketing Officer Keith Norman. "While the timeline has shifted to react to the recent strategic opportunities, our commitment to U.S. manufacturing and our interest in Nevada as a location to scale remains."
